for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize … actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation …, Sargent finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated …

. We use our estimates to account for contributions to the evolution of the debt-GDP ratio made by inflation, growth, and …

Previous studies have interpreted the rise and fall of U.S. inflation after World War II in terms of the Fed's changing … the low-inflation policy recommended by a natural rate model even after economists had developed statistical evidence … inflation rate in light of updated probabilities that it assigns to three competing models of the Phillips curve. Cautious …

policy, including local approximations to the mean, persistence, and volatility of inflation. We present diverse sources of … uncertainty that impinge on the posterior predictive density for inflation, including model uncertainty, policy drift, structural … shifts and other shocks. We use a recently developed minimum entropy method to bring outside information to bear on inflation …

for inflation, and provides insight into the pioneering research for which Thomas Sargent was awarded the 2011 Nobel Prize … actual or threatened depreciation in the value of a nation's currency. Drawing on historical attempts to counter inflation …, Sargent finds that there is no purely monetary cure for inflation; rather, monetary and fiscal policies must be coordinated …

"This paper describes the continuous time stochastic process for money and inflation under which Cagan's adaptive …